The Payday Loan Industry Blog
Payday loan industry news and developments. Focused on making money in the payday loan industry.
Friday, July 30, 2010
http://paydayloanindustryblog.com/
Part 1 of 2: The Future of the Payday Loan Industry. Thoughts and analysis of the ability of payday loans and micro-lending to flourish in the future. Bottom line, consumers by the millions demand small, non- collateralized loans. The industry simply needs to continue to work with the Regulators. What's a fair profit when considering the potential risk of payday loan consumers to default?
http://paydayloanindustryblog.com/
The future of the payday loan industry. Thoughts and analysis of payday loan current events.
Wednesday, February 11, 2009
Thursday, March 29, 2007
Start a Payday Loan Business
Payday loans were developed to help a person receive the money they need today without having to wait until their next paycheck.
We delay the deposit of their personal check until their next pay day, which is usually less than 2 weeks away.
With a payday loan, they get the cash they need before their next payday!!
PAYDAY LOANS or PAYCHECK ADVANCES are one of the fastest growing businesses in the US, Canada, Australia, Costa Rica, South Africa, England, and others. It's the ideal complement to your present business or as a new establishment. If you have a 5 ft. by 5 ft. area available, you can turn it into additional income.
We are helping entrepreneurs open payday advance offices everywhere! There is a tremendous opportunity for individuals to open a payday advance business and get in on the ground floor of a wonderful, money making business. You can even open a Payday Loan business in conjunction with your existing business. Pawn shops, check cashers, liquor stores, car and truck rental companies, furniture rental stores, etc., are opening payday advance loan businesses.
A typical 8 day paycheck advance extended to your client will yield an annual percentage rate on your money of 805%!. Starting costs vary tremendously and are determined by your goals. A new store might require leases, first and last plus a deposit, signage, licenses, phones, etc. Adding a payday advance loan business opportunity to an existing business requires hardly more than working capital, business cards, flyers, advertising, forms, etc.
Payday Advance Loan working capital requirements are determined by you! We have heard of new deferred deposit operators who began with less than $2500.